During the Most Recent Month,Ostriker Company Began Operations with a Cash

question 61

Essay

During the most recent month,Ostriker Company began operations with a cash balance of $0 and made cash sales of $81,000.During this same time period,the company paid $32,000 in cash expenses.Additionally,the company purchased supplies on account,$34,000,made sales on account,$90,000,and received cash on the credit sales $52,000.
a.If cash at the end of the month totals $74,000,how much cash was paid on account?
b.What is the total amount still to be paid?
c.What is the total amount still to be received?

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Definitions:

Confidence Interval

An estimated span, defined by a certain probability, that is anticipated to include the accurate measure of a yet-to-be-determined demographic variable.

Variance

A measure of the dispersion or spread of a set of data points or random variables, showing how much the values differ from the mean of the set.

Allergies

Immune system responses to a foreign substance that's not typically harmful to the body, such as pollen, certain foods, or pet dander.

Sample Variance

The variance calculated from a sample of a population, used to estimate the population variance.